Note 3 - Account by business line

For the subsidiaries the figures refer to the respective company accounts, while for joint ventures incorporated by the equity method the Group’s profit share is stated, after tax, as well as book value of the investment at group level.

Group 31 March 2018

Profit and loss account (NOKm)

RM

CM

SB1 Markets

EM 1

SB1 Finans MN

SB1 Regnskaps- huset SMN

SB1 Gruppen

BN Bank

Uncollated

Total

Net interest

254

232

-3

1

65

-0

-

-

20

568

Interest from allocated capital

42

31

-

-

-

-

-

-

-74

-

Total interest income

296

263

-3

1

65

-0

-

-

-54

568

Commission income and other income

204

50

101

104

14

121

-

-

-51

542

Net return on financial investments **)

0

1

34

-

-

-

36

29

81

181

Total income

501

314

131

104

79

120

36

29

-24

1,290

Total operating expenses

199

95

124

112

36

103

-

-

-24

645

Ordinary operating profit

302

219

7

-8

42

17

36

29

1

645

Loss on loans, guarantees etc.

-3

48

-

-

4

-

-

-

-

48

Result before tax including held for sale

305

171

7

-8

38

17

36

29

2

597

Post-tax return on equity*)

14.5%

10.1%

11.2%

Balance (NOKm)

Loans and advances to customers

104,999

39,821

-

-

6,908

-

-

-

-664

151,065

Adv. of this to SB1 Boligkreditt and SB1 Næringskreditt

-36,537

-1,354

-

-

-

-

-

-

0

-37,891

Allowance for credit losses

-64

-950

-

-

-39

-

-

-

-

-1,053

Other assets

160

1,312

2,535

821

21

402

1,601

1,175

31,937

39,964

Total assets

68,558

38,829

2,535

821

6,890

402

1,601

1,175

31,272

152,083

Deposits to customers

37,811

37,358

-

-

-

-

-

-

769

75,937

Other liabilities and equity

30,747

1,471

2,535

821

6,890

402

1,601

1,175

30,503

76,146

Total liabilites and equity

68,558

38,829

2,535

821

6,890

402

1,601

1,175

31,272

152,083

Group 31 March 2017

Profit and loss account (NOKm)

RM

CM

Markets

EM 1

SB1 Finans MN

SB1 Regnskaps huset SMN

SB1 Gruppen

BN Bank

Uncollated

Total

Net interest

228

246

-2

1

51

-1

-

-

10

533

Interest from allocated capital

31

30

-

-

-

-

-

-

-60

-

Total interest income

259

276

-2

1

51

-1

-

-

-50

533

Commission income and other income

173

47

59

113

12

105

-

-

-55

455

Net return on financial investments **)

0

2

18

-

-

-

66

29

22

138

Total income

432

325

75

114

63

104

66

29

-83

1,126

Total operating expenses

201

89

72

110

33

89

-

-

-23

571

Ordinary operating profit

230

237

2

4

30

15

66

29

-60

555

Loss on loans, guarantees etc.

0

87

-

-

2

-

-

-

-0

89

Result before tax including held for sale

230

150

2

4

28

15

66

29

-60

466

Post-tax return on equity*)

14.9%

9.6%

9.4%

Balance (NOKm)

Loans and advances to customers

95,482

39,421

-

-

5,746

-

-

-

-611

140,038

Adv. of this to SpareBank 1 Boligkreditt

-33,919

-2,003

-

-

-

-

-

-

0

-35,921

Individual allowance for impairment on loan

-23

-528

-

-

-11

-

-

-

-2

-564

Group allowance for impairment on loan

-90

-218

-

-

-21

-

-

-

-20

-349

Other assets

167

192

1,867

1,002

10

288

1,543

1,217

32,552

38,838

Total assets

61,618

36,863

1,867

1,002

5,725

288

1,543

1,217

31,919

142,042

Deposits to customers

34,943

35,778

-

-

-

-

-

-

-545

70,176

Other liabilities and equity

26,675

1,086

1,867

1,002

5,725

288

1,543

1,217

32,464

71,866

Total liabilites and equity

61,618

36,863

1,867

1,002

5,725

288

1,543

1,217

31,919

142,042

*) Calculation of capital employed in Retail Banking and Corporate Banking is based on regulatory capital. This capital is grossed up to 15.0 percent to be in line with the capital plan.